AXA Private Equity has appointed Juan Angoitia as managing director in the infrastructure team based in the Paris office.
AXA Private Equity’s infrastructure team has USD4bn of assets under management.
Angoitia has 15 years’ experience within the infrastructure industry. Prior to joining AXA Private Equity, he spent five years at Citi Infrastructure Investors (CII) as investment principal based in London. At CII, Angoitia managed the firm’s investments in Kelda, a holding company of Yorkshire Water in the UK, and in Itinere Infraestructuras in Spain.
The appointment follows a number of key developments for AXA Private Equity in infrastructure. In March 2013, the firm raised EUR1.75bn for investment in the asset class, its largest infrastructure fund to date. The latest fund is already substantially committed across a number of high profile transactions, most recently with the agreement signed for the acquisition of London Luton Airport alongside AENA, the world’s largest airports operator.
Mathias Burghardt, head of infrastructure at AXA Private Equity, says: “I am extremely pleased to welcome Juan to our growing Infrastructure team. His extensive industrial experience in infrastructure, and particularly in the airport sector, will prove invaluable to our existing and future investments.
“We continue to see a high demand for infrastructure as an asset class, particularly core infrastructure assets which offer protection against inflation and low volatility. We will continue to source high quality opportunities, especially through proprietary deals, assisted by our excellent visibility across Europe.”
Angoitia says: “AXA Private Equity has a tremendous track-record in European infrastructure, emphasized by its ability to successfully fundraise amid such a challenging economic backdrop. We expect to see a rise in the number of transportation assets coming onto the market through government and corporate asset sales, and I look forward to helping the team capitalise on these and further opportunities.”
